Dec 5, 2016 - IRDAI tightens non-compete fee rules for M&As

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
A lot of fake and misleading news stories were shared across social media during the US election. One that got a lot of traffic had this headline: "FBI Agent Suspected In Hillary Email Leaks Found Dead In Apparent Murder-Suicide." The story is completely false, but it was shared on Facebook over half a million times. Mark Zuckerberg's got to be kidding if he says this is not a huge problem. NPR hunted down the creator of this story and discovered a mini-industry. Full story here

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Government, RBI fone all that they could for NBFCs: SBI chief Rajnish Kumar

There is nothing further the government can do, Kumar said, adding that there is liquidity, partial credit enhancement and interest rates have moderated. Asked about the progress made in the resolution of stressed NBFC Dewan Housing Finance (DHFL), Kumar said: “That you should ask the company.”




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India's shrimp exports to the US rises by 14 pct in January-June 2019

Total imports of shrimp by US for the first six months of 2019 remained flat at 300,683 tonne compared to 302,495 tonne imported during the same period of 2018. Overall, US imported 695,332 tonne of shrimps last year.



Visa critical of India's move towards no-fee debit card transactions

Global card payments group Visa is critical of the Indian government's decision to boost adoption of electronic payments by requiring banks and card payment networks to offer no-fee debit card transactions, a senior Visa executive said. Last month, India's Finance Minister Nirmala Sitharaman



Visa critical of India's move toward no-fee debit card transactions

Global card payments group Visa is critical of the Indian government's decision to boost adoption of electronic payments by requiring banks and card payment networks to offer no-fee debit card transactions, a senior Visa executive said. Last month, India's Finance Minister Nirmala Sitharaman



DHFL parent WGC sells its loan distribution biz to Metdist Group

Sale of Andromeda is part of WGC’s attempts to raise capital to meet debt obligations at DHFL.For Metdist, the acquisition of Andromeda will help grow its financial services business in India



Indian Army was ready to take battle into Pakistan territory post Balakot strike; details here

Highly placed sources have confirmed to Financial Express Online that the Army chief in a closed-door interaction with a group of retiring officers said that in case of any hostile action from Pakistan, the force was ready to take them on post-Balakot strikes.



Opinion | Suggestions to rescue India from a structural slowdown

It’s time to address issues like human development, state capacity and the reform of factor markets



PMO, finance, corporate affairs ministry working together to boost economy

The government is looking at amending companies act to decriminalise some non-serious offenses and handle them through an in-house mechanism, which would involve levying penalties in cases of default.



Facebook contractor hikes pay for Indian content reviewers

Facebook in May raised minimum wages for U.S. content moderators to $18 to $22 per hour depending on location from $15 nationwide, and last week said it is still studying increases in other countries.



An Indian car loan player is making plans to offer loans to homebuyers

Cholamandalam is undeterred by the credit crunch thats roiling shadow banks across the nation.



SBI aims to eliminate debit cards

​"...it is our wish to eliminate the debit cards, and am sure we can eliminate them," the SBI chairman has said.



PM Modi talks to Donald Trump; hints Pakistan’s anti-India rhetoric not good for regional peace

In his telephonic conversation, pm Modi highlighted the importance of creating an environment free from terror.



Offshore India funds see $1.4 billion net outflow in June quarter; ETFs $383.7 million inflow: Report

The net outflow dented the asset base of India-focussed offshore funds and ETFs. Their assets declined to USD 52.9 billion during the quarter ended June 2019 from USD 53.5 billion recorded in the previous quarter.



Finance Minister rejects demand for rollback of customs duty on newsprint

India Business News: New Delhi, Aug 19 () Virtually rejecting demand for rollback of the 10 per cent customs duty on newsprint, Finance Minister Nirmala Sitharaman on Mond.



SBI Chairman Rajnish Kumar says 59-minutes loan scheme yet to make a mark

Kumar said the bank is also planning to extend the scheme to car and auto loans because all the loans in this category are in the same quantum.



Finance minister Sitharaman says corporate tax for companies to be cut gradually

India Business News: Finance minister Nirmala Sitharaman on Monday said corporate tax rate for companies with over Rs 400 crore turnover will be gradually cut to 25 per ce



India takes up with UK issue of violence outside Indian mission in London

The two demonstrations had been demarcated with metal barriers but as thousands began to gather, Metropolitan Police officers were seen struggling to keep the aggressive anti-India protestors from breaking across the divide. A number of people were also injured in the protests.



India: Arun Jaitley remains critical, leaders pay visit

Several leaders visited him at the AIIMS to enquire about his health



India Removes Debenture Reserve Requirement For Housing Finance Companies, NBFCs

The changes would be applicable for public issue as well as private placements.



AVIOM Housing nabs $8.5m from Japan's Gojo, Capital 4 Development fund

Aviom will use the funding proceeds to expand its reach into tier-II and tier-III cities.



Arun Jaitley ‘critical but responding’ as Advani, Anandiben Patel visit AIIMS

Arun Jaitley Health Update: Jaitley, 66, was admitted to the hospital after he complained of palpitations and restlessness. He was placed under observation at the hospital’s Cardio-Neuro-Centre.



Why GE's Alleged $38 Billion Financial Fraud Will Have Little Impact On Indian Tech Majors

There was no bigger controversy last week than GE’s stock plummeting 11% on 15 August in the midst of fraud accusations which is finding echoes in the 2001 Enron Corporation scandal. A 175-page “whistle-blower report” has alleged that there is a $38 billion worth of fraud at GE and the American multinational is at the…



Digital matchmaking: What India’s Kirana stores need to weed out intermediaries in buying, stocking goods

The way food and grocery segment is structured in India is that there are multiple intermediaries without any direct way for kiranas to access products directly from brands.



Slowing exports: CII suggests ways to put Indian exports on steroids

The value of Indian exports to major markets needs to be increased further for the country to increase its global trade footprint, says a CII report.



Trade finance: What's holding back the Indian MSMEs?

Unlocking India’s export potential in the coming years will be key, and the big push will have to come from MSMEs



India Slowdown ‘Very Worrisome’, New Set Of Reforms Needed, Says Raghuram Rajan

Raghuram Rajan also calls for a fresh look for at how India’s calculates its GDP, and well thought-out power and NBFC reforms.



Economic slowdown 'very worrisome', new set of reforms needed: Raghuram Rajan

Raghuram Rajan said the govt needs to fix the immediate problems in power, NBFCs and come out with a new set of reforms to energise private sector to invest.The former RBI governor also called for a fresh look at the way GDP in India is calculated



Iran oil supertanker sails off Gibraltar with Indian crew

According to the Marine Traffic monitoring website, the supertanker lifted anchor on Sunday evening before 2300 GMT and the vessel was tracked moving east into the Mediterranean and listed Kalamata in Greece as its destination.



Ikea India opens online store in Mumbai

The online store will offer 1,000 products priced below Rs 200, it said adding that all the prices are the same across India, both in offline store and online.



Srei Equipment Finance offers up to 10.65% coupon on retail bonds

Existing bond holders of the company will get an additional incentive of 0.25% over the card rate.



AVIOM Housing Finance raises Rs 60 crore in Series B funding

India Business News: Delhi-based AVIOM India Housing Finance has received Rs 60 crore capital infusion from Japan's Gojo & Company Inc and Netherlands' Capital 4 Developme



Upwardly mobile: India jumps 21 positions in cellphone exporters list, still way below leaders China, Vietnam

Mobile phone exports from India grew 17 per cent annually in the last 5 years, becoming the 23rd largest export item from the country.



BoB, PNB, other lenders hold 2-day meeting to generate ideas for growth

The consultations were held over a period of two days from August 17-18 under the direction of Department of Financial Services, Ministry of Finance.



How 13 siblings turned their dying father's snack recipe into success

As their father lay dying, the 13 Keith siblings took his recipe for a snack no one could sell—a refrigerated protein bar—and built it into a $300 million startup



Diversify your portfolio by investing a portion in US-focused mutual funds

Developed markets such as US have delivered significant returns over market cycles



Aviom India Housing Finance raises Rs 60 crore in Series B funding

New Delhi-based Aviom India Housing Finance has raised Rs 60 crore from Japan’s Gojo & Company and Capital 4 Development Asia Fund Netherlands in its Series B round of funding. The firm intend



SC Empowers Home Buyers As ‘Financial Creditors’: Here’s Why This Matters to You

While there are various laws to protect the interests of homeowners, it is imperative that you conduct a thorough due diligence before making an investment. Here's all you need to know! More



Growth top priority but important to look at financial stability: RBI governor

Underlining the need for a robust non-banking finance company (NBFC) system, the Governor said the RBI is exploring the regualtory changes needed for housing finance companies (HFCs) and has sent suggestions on PSB reforms to the government. 



Look at opportunities too, not just difficulties: RBI Governor

RBI governor stresses on importance of positive sentiment, calls on banks to spur credit growth



Real estate may be a safer bet than equities

Housing is a better investment choice than equities even though house prices are susceptible to credit cycles, a database of asset returns since 1870 suggests



Protect your financial goals amid market volatility: Here's how

India Business News: The recent volatility in the stock market, triggered by global and domestic factors, has made investors jittery. It has also highlighted the fact tha



Sebi to ease buyback norms for companies with housing finance, NBFC arms

India Business News: New Delhi, Aug 19 () Capital markets regulator Sebi is planning to ease its norms for buyback of shares by listed companies, especially those having s.



Spandana Sphoorty Financial makes market debut; falls nearly 4%

India Business News: Shares of microfinance lender Spandana Sphoorty Financial made a tepid debut on the bourses on Monday, falling nearly 4 per cent over its issue price



SBI chairman rules out stimulus for NBFC sector

RBI on its part has announced several measures to support the NBFC sector.Kumar ruled out the need for any further measures for the non-banks



NCLT approval awaited for Bandhan Bank-GRUH Finance merger

Bandhan Bank Managing Director and CEO, Chandra Shekhar Ghosh, on Monday said the lender is awaiting approval from the NCLT for its proposed merger with GRUH Finance."We are still waiting for app



INFOGRAPHICS: Top 10 project finance lenders to renewable energy in India last year

The top five lenders in 2018 were commercial banks. Overall, renewables received finance from a mix of commercial banks, majority government-owned fin..



India looks to rope in China, emerging markets to push Paris climate deal, seeks $100 bn from rich nations

Ministers from BASIC nations have urged the developed countries to undertake ambitious actions to reduce emissions and to fulfill their financial commitments. 



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